The company stands to make a pretty penny by getting out of TerraForm Power.
Settlement of securities lawsuits is the final step before the Canadian asset manager can consummate the acquisition of the second of SunEdison’s former yieldcos.
Opinion: One of the main challenges for investors in India is to meet competitive pricing while achieving acceptable quality. Prakash Vora, senior director – Operations at Terraform Global India, explains how to ensure quality in India.
With the sale the yieldco has almost completely divested from the United Kingdom, as its acquisition by Brookfield grinds forward.
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
The yieldco’s overdue filing of its 2015 financial report is a step towards compliance with NASDAQ trading rules; however TerraForm Global’s losses exceeded its revenue in 2015 and the company has warned that it may not be able to continue.
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